Definition of bobble. 1  1 : a repeated bobbing movement. 2  2 : a small ball of fabric; especially : one in a series used on an edging. 3  3 : error, mistake; especially : a mishandling of the ball in baseball or football.
Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance, mechanic's lien or otherwise, securing or evidencing the payment of money and affecting more than one unit in a condominium, or an agreement affecting more than one such unit by which the developer holds such condominium under an option, contract to sell or trust ...
See: Blanket purchase order. A single mortgage instrument covering two or more properties.It is most often encountered in property intended for development,with partial lien releases given as lots are sold and part of the sale proceeds used to pay down the loan.